CALGARY, Dec. 22, 2014 /CNW/ - Middlefield Can-Global
REIT Income Fund announced that it has filed a notice with the
Toronto Stock Exchange (the "TSX") and received its approval to
make a normal course issuer bid ("NCIB") for its units through the
facilities of the TSX. This NCIB will commence on
December 28, 2014 and will terminate
on December 27, 2015. In
accordance with the Declaration of Trust by which the Fund is
governed, market purchases pursuant to its NCIB may be effected by
the Fund.
The Fund had 5,356,062 units issued and outstanding as at
December 16, 2014. The Fund
may, during the 12 month period commencing December 28, 2014 purchase on the TSX up to
535,606 units, being 10% of the public float and may not, in any 30
day period, purchase more than 107,121 units, being 2% of the units
issued and outstanding. The Fund will hold in treasury for
resale all units purchased pursuant to the bid. As at
December 16, 2014 the Fund had
purchased 103,400 units at an average price of $10.05 per unit under its previously approved
normal course issuer bid. Middlefield Can-Global REIT is
implementing the NCIB to allow it to purchase units if and when it
makes sense to do so.
Middlefield Can-Global REIT trades on the Toronto Stock Exchange
under the symbol "RCO.UN".
SOURCE Middlefield Can-Global REIT Income Fund